Hour 1 - 3

 Hour 1 -- Brandon Casten (BurnTurn.eu) talks about online Bitcoin Poker

 Hour 2 -- Patrick Byrne (CEO of Overstock.Com) on Counterparty: The Decentralized Stock Exchange

 Hour 3 -- Ryan Gilbert (the Bitcoin Lawyer) on Bitcoin legislation and the laws being set up to regulate bitcoin

CALL IN TO SHOW: 602-264-2800

 

 

October 15th, 2014

Declare Your Independence with Ernest Hancock

on LRN.FM / Monday - Friday

9 a.m. - Noon (EST)

Studio Line: 602-264-2800 

 

Hour 1

2014-10-15 Hour 1 Brandon Casten

(Video Archive):

2014-10-15 Hour 1 Brandon Casten from Ernest Hancock on Vimeo.

Brandon Casten

Webpage: BurnTurn.eu

 

Hour 2

Hour 2

2014-10-15 Hour 2 Patrick Byrne (Video Archive):

2014-10-15 Hour 2 Patrick Byrne from Ernest Hancock on Vimeo.

Patrick Byrne

CEO of Overstock.Com

Overstock Chooses Counterparty for Decentralized Stock Exchange; XCP Price Rises

On Monday, Overstock CEO Patrick Byrne announced the online retailer had hired two Counterparty developers to build a decentralized stock exchange to issue corporate stock for Overstock and other companies.

Byrne confirmed the exchange, code-named "Medici," would operate atop the Counterparty platform. This news caused the XCP price to soar (XCP is the native currency for the Counterparty platform).

Also Read: Overstock to Donate 4% of Bitcoin Revenue to Organizations Promoting Bitcoin Adoption

Overstock Announces Decentralized Stock Exchange

As WIRED reported, Overstock today announced that it has hired two Counterparty developers, including co-founder Robby Dermody, to build a digital decentralized stock exchange. Code-named "Medici," Overstock hopes the exchange will serve as a decentralized alternative to traditional Wall Street brokers and exchanges.

The Medici exchange–which Byrne hopes will achieve regulatory compliance–will operate atop the Counterpary platform (which itself functions on top of the Bitcoin blockchain) and allow users to buy and sell corporate stock. Overstock will issue their corporate stock on Medici, and they anticipate other companies will follow suit.

The planned exchange should tremendously reduce the difficulty and cost associated with stock trading. This increased efficiency could help average consumers make their first forays into the stock market.

Read the rest of the article at CryptoCoinsNews.Com

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New Report Details Bitcoin's Potential Threat to the Federal Reserve

The Congressional Research Service, aka "Congress' Think Tank," recently made public their report on Bitcoin, Bitcoin: Questions, Answers, and Analysis of Legal Issues. The fascinating report details in sparkling prose the history, uses, threats and regulatory implications of the world's best-known cryptocurrency.

The report's most interesting part deals with the impact Bitcoin might have on the Federal Reserve. According to these experts, widespread adoption of Bitcoin could severely curtail the effectiveness of the Fed's monetary policy.

The report describes the Federal Reserve's mission as aimed at achieving "stable prices, maximum employment, and financial market stability." It's impossible to know the counterfactual. But many are entirely unsatisfied with both the nation's employment rate and the continuing financial crises which led to its most recent rise.

Read the rest of the article here

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Bitcoin: Questions, Answers, and Analysis of Legal Issues (Online PDF)

Hour 3

Hour 3

2014-10-15 Hour 3 Ryan Gilbert (Video Archive):

2014-10-15 Hour 3 Ryan Gilbert from Ernest Hancock on Vimeo.

Ryan Gilbert

The Bitcoin Lawyer

Webpage: TheBTCLawyer.Com

Ryan Gilbert graduated from the University of Florida Levin College of Law and practices in Gainesville, Florida at Dell Graham, P.A. in the area of commercial litigation. After first learning about Bitcoin and the blockchain technology, he became fascinated by how these innovations will fundamentally change the way people transact with one another. Like it was with the advent of the internet, businesses and industries will inevitably be transformed as people unlock the potential in these new technologies.

Ryan has been married to his high-school sweetheart since 2007, and they are still in the "honeymoon stage." They are blessed to have two small children and a couple dogs. When he's not podcasting or lawyering, Ryan likes to make music and grow vegetables—but he's never been accused of being good at either.

Contact Ryan via Twitter, @thebtclawyer, or by email to ryan@thebtclawyer.com.